Sold one to CARVANA!

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Why banks won't let you sell your leased car at RV

We see comments like the above a lot. It’s not stupid and it’s not arbitrary. Basically, banks and publicly traded companies have a duty to not do stupid things that are detrimental to the interests of their shareholders. Selling assets below fair market value is one of those stupid things. “Why should they care who pays them?” They don’t. They don’t care who pays FMV, they just care that they got FMV. The only reason YOU (and only you) can buy the car at RV is because the original contract t…